The Retirement Check-Up

Retirement isn't something you prepare for just once. Just as you schedule regular medical check-ups, your retirement plan deserves an annual review.

After more than 42 years of helping retirees, I've seen many people make one common mistake: putting their financial plan on autopilot. Markets change. Tax laws change. Families change. Your retirement plan should change too.

Before 2026 comes to an end, here are seven important financial moves every retiree should consider.

1. Review Your Investment Allocation

Many retirement portfolios are left untouched for years. That can be a costly mistake—especially when you're relying on your investments to generate retirement income.

Today's economy continues to change, from interest rate uncertainty to global events. Make sure your investments still match your retirement goals and risk tolerance.

2. Review Your Social Security Strategy

Claiming Social Security isn't simply deciding when to file.

The timing of your benefits, taxes, spousal benefits, and survivor benefits can significantly impact your lifetime income.

At DurhamLoyal, we provide a complimentary Social Security Timing & Strategy Report designed to help you make informed decisions.

3. Explore Roth Conversion Opportunities

Taxes don't disappear in retirement.

Traditional IRA withdrawals are taxable, and waiting too long could increase your future tax burden.

A Roth conversion isn't right for everyone—but reviewing the timing could save thousands in future taxes.

4. Review Your Beneficiary Designations

Life changes.

Marriages, grandchildren, divorces, and family circumstances can all affect who should inherit your assets.

One of the biggest misconceptions is believing that a Will or Living Trust controls every account.

It doesn't.

Your beneficiary designations on retirement accounts, annuities, and life insurance policies generally take precedence.

5. Prepare for Healthcare Costs

Healthcare is one of retirement's largest expenses.

If you retire before age 65, you'll need a strategy until Medicare begins.

Even after Medicare, many expenses—such as long-term care, assisted living, or in-home care—may not be fully covered.

Planning ahead today can protect your retirement income tomorrow.

6. Update Your Retirement Income Plan

At DurhamLoyal, we call this your Retirement Roadmap.

Together, we answer questions like:

• When is the right time to retire?
• Will your income last throughout retirement?
• How will inflation affect your purchasing power?
• How can you prepare for future taxes?
• Are you ready for unexpected expenses?
• 
  

A written income plan can provide confidence throughout retirement.

7. Review Your Estate Plan

Would you believe that nearly 70% of Americans don't have an estate plan?

Without proper planning, your loved ones may face unnecessary legal costs, delays, court involvement, and family conflict.

A well-designed estate plan helps protect:

• Your spouse
• Your children
• Your grandchildren
• Your privacy
• Your legacy

It also helps reduce unnecessary expenses and keeps your wishes in your family's hands—not the court's.

Your Retirement Deserves a Second Opinion